The floating world : issues in international trade theory / Wilfred J. Ethier.

Format:

Book

Author/Creator:

Ethier, Wilfred, author.

Series:

World Scientific studies in international economics ; Volume 35.

World Scientific Studies in International Economics, 1793-3641 ; Volume 35

Language:

English

Subjects (All):

International trade.

Physical Description:

1 online resource (472 p.)

Place of Publication:

Singapore : World Scientific, 2014.

Language Note:

English

Summary:

In The Floating World , Emeritus Professor of Economics Wilfred Ethier collates 22 papers that delve deep into the study on International Trade Theory. These papers are grouped into six distinct sections. Each covers an overarching research program in trade theory - Factor-Endowments Theory, Economies of Scale, International Factor Markets, Regional Integration, the Political Economy of Trade Policy, and Administered Protection. An additional section for important papers outside of those programs is also included. With papers originally written in the 1970s all the way up to recent times, Ethi

Contents:

Acknowledgements; Table of Contents; Introduction; Part I: Factor-Endowments Theory; Factor-Endowments Theory: Commentary; The Other Articles; Chapter 1 Some of the Theorems of International Trade with Many Goods and Factors; References; Chapter 2 The General Role of Factor Intensity in the Theorems of International Trade; 1. Introduction; 2. Stolper-Samuelson type and Rybczynski type results; 3. Heckscher-Ohlin type theorems; References; Part II: Economies of Scale; Economies of Scale: Commentary

Chapter 3 Decreasing Costs in International Trade and Frank Graham's Argument for Protection EconometricaI. INCREASING RETURNS TO SCALE IN THE SIMPLE RICARDIAN MODEL; 2. EFFICIENT PATTERNS OF WORLD OUTPUT; 3. AUTARKIC EQUILIBRIA; 4. A SMALL OPEN ECONOMY; 5. THE ALLOCATION CURVE; 6. STABILITY; 7. ALTERNATIVE POSSIBILITIES; 8. THE NORMATIVE IMPLICATIONS OF FREE TRADE; 9. GRAHAM'S ARGUMENT FOR PROTECTION; 10. INCREASING COSTS IN WHEAT PRODUCTION; 11. INTERNATIONAL DIFFERENCES; REFERENCES; Chapter 4 Internationally Decreasing Costs and World Trade; 1. Introduction

2. Internationally decreasing costs3. Production; 4. Efficient world output; 5. Autarkic equilibrium; 6. International equilibrium: Allocation curves; 6.1. International equilibrium further considered; 6.2. The Ricardian case; 7. Stability; 8. Trade in intermediate goods; 9. Tariffs on trade in intermediate goods; 10. Concluding remarks; References; Chapter 5 National and International Returns to Scale in the Modern Theory of International Trade; I. National and International Scale Economies; A. Production; B. Autarkic Equilibrium; C. International Equilibrium; II. The Modem Theory

A. Factor-Price EqualizationB. The Rybczynski Theorem; C. The Stolper-Samuelson Theorem; D. The Heckscher-Ohlin Theorem; III. The Factor-Endowments Basis of Intraindustry Trade; A. The Complementarity Theorem; B. Technological Structure and Intraindustry Trade; C. Multilateral Trade; IV. Conclusion; REFERENCES; Part III: International Factor Markets; International Factor Markets: Commentary; The Other Articles; Chapter 6 International Trade and Labor Migration American Economic Review; I. International Equilibrium; A. Migrant Labor and Traded Goods

B. The Substitution of Migrants for Native WorkersC. The Native Labor Market; D. Equilibrium in the Native Labor Market (American Mode); E. Full Equilibrium; II. Characteristics of Equilibrium; III. Alternative Stochastic Processes; A. World Demand for Chocolate; B. Migrant Wages; C. The Array of Possibilities; D. Dumping Goods and Dumping Migrants; IV. The Effect of Migration and Migration Policy; A. Captive Migrants; B. Immigration Quotas; V. Concluding Remarks; APPENDIX; REFERENCES; Chapter 7 Illegal Immigration: The Host Country Problem American Economic Review; I. Border Enforcement

A. A Simple Model of Border Enforcement

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on print version record.

ISBN:

981-4590-32-0